US Equity and Economic Review: ISM Strength v. Weaker Employment, Edition

    This week, the Purchasing Managers Institute released their monthly reports on manufacturing and services.  Manufacturing’s headline number decreased 1 to 50.8, with 11 sectors expanding.  New orders and production pointed to continued increases with respective readings of 55.8 and 54.2.  Finally, the anecdotal comments were mostly positive.  The Services headline number increased 1.2 to 55.7.  New orders and employment rose.  The comments specifically mentioned labor shortages and low-cost

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